Cases / Investment funds & advisory
Global Telelink Services Inc., Global Contact Corporation
Robert Smith III
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Global Telelink Services Inc., Global Contact Corporation
- Industry
- Telephone gateway switches and call-center workstations sold with lease-back and buy-back agreements
- How investors were recruited
- Sold through networks of insurance salesmen and financial planners (James Jordan's company and agents such as Sauer and Kerley).
- Pitch & red flags
- Units sold with lease/back and buy/back agreements; investors not told neither company had operating revenue. Over 300 investors, primarily elderly.
Source
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